The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-01
THE HALF YEAR JUST CLOSED
EXCEEDS ALL
Previous Periods In the History OF
the Country In the
Volume


uhlI year ubb ClO00O oXceo0D ali Dro.
vious like periods In the history Of
the country, In the volume Of business
done, In the steadiness OF prices, In
the number Of new manufacturing 60.
Establishments started, and In the
amount Of money invested In building
operations. The six months before us
are more promising than any like pc
rlod, and oil the industries win start
next week under most favorable al.
spices. The volume OF stocks OF all
kinds Of merchandise and mate risl is
light, considering the very heavy con-
sumption, and prices will likely id.
vance slightly on this account. The
manufacturing and financial interests
have great confidence In the future 81
trade, and are not Ia the least discon-
certed by the recent failures and stock
jobbing operations, East and West.
In list OF twenty.six cities, big and
little, East and West, selected by a
reliable commercial authority, Il APP
pears for the past five months the value
o'the buildings prof ecled and built was
S9S,0OO,00O, as bgainst $7S, 000,0 600 for
the same five months CT last year.
The real esta operstions for the same
periods were 100000, 900 this years,
and S272, 100000 for The came time
last year. Building activity ia general
throughout the county, excepting In
Chicago. Capital is confident and
anxious. Houses are rented or sold
as fast M erected. The Improvement
in real estate Ia for the mos. part leRit.
innate, and will hold. The hammer.
ing tendencies in the market will
likely prevent any In haton OF values
this year.
The f0ancial centers, east and west.
are well supplied with money. Bank.
ing inttltutitns are carefully looking
into their affairs. Trust com panies are
overhauling their cash accounts. A
more conservative feeling Ia develop.
ing all around. Manufacturing and
constructing interests recognize that
the country is gradually approaching
. time and condition when competi-
ton will be extremely bitter, and
whenever elements OF weakness.
wherever or whatever they are, will
tell against them.
In Boston remarkable activity pre-
walls In lumber, boots and shoes, and
dry goods Of nearly all kinds. In New
York business 10 ut the foil June
standard, but jobbers are not endesyor-
Ing 10 crowd business 90 they sntici-
pate slight improvement In prices Q
little later on. In Chicago all kinds
OF Merchandise and manufactured
products are selling very freely, and
lumber Ia particularly active, especially
for shipment TO oil points West and
Southwest. Tbs shipments from
Chicago eastward during the month
Of June have been the largest on
record for that month. In Kansas
City lumber Is in very active demand,
and there In q liberal distribution oil
store goods Of all kinds. Ia Memphis
little Improvement has already set
In In the fall trade. In NJ. Joseph,
Mo. Burlington and Davenport, la,
Milwaukee, Wis, and Omaha, the
crop reports are all OF a favorable
character, and this Is the basis for a
growing confidence that IL leadiug
middle men 10 put their orders on the
market sooner than otherwise.
The condition OF the markets OF the
United States is better by far than a
great many newspaper reports have II
appear. The people at large are busy,
earning good wages, crops are fair,
railroad freight rates are reasonable,
the country generally Ia free OF debt,
rates OF interest are low, and com.
modities Of all kinds are lower in price
than they ever have been. With .hete
conditions surrounding the market
there Ia no reason for expecting sud-
den fluctuations, or q depression, or
anything that will untettls conhdents
or credit.
Twelve miles OF electric railway will
b. built this fall In Cincinnati. Thir.
teen miles In Richmond, Va. One
mile In NJ. Joseph, Mo. Atlanta is 10
have an electrical system. Bingham.
ton, N. Y, has four half.miles, and
Wilmington will have q road q mile
and half long. A six mile road will
run from Baltimore 10 E,licott CITY.
The authorities In q dozen Western
towns are now negotiating for cleo.
trical roads.
Massao husetts employing shoemak.
ep have succeeded la introducing n
great deal OF machinery since the
strike OF 1000 workmen Was inaugu.
rated, and they are now doing by ma.
chinery what has heretofore been
done by hand. Nevertheless, the en-.
ployers are anxious 10 establish friend.
ly relations by which strikes In the
future will be avoided.
A pneumatic car brake company Ia
10 be organised at Covington, ky.,
with o capital Of tl,0Jj, coo.
A great many concerns are spring.
Ing mp, with capitals ranging from
tl0, 900 10 100000.
The Anna gamsted Iiop and Steel
Association will take $50 rolling mills
out with them, II they strike. They
control more capital than any other
organization In the country, unless
We except the locomotive engineers
and aremen.
The bookbinders are very busy.
Steel ergravers are overcrowded with
work. Book paper makers are very
busy. The MANILA straw combination
will break. Immense quantities OF
imported stationary have begun 10 ar
rive.
storekeepers and jobbes through.
out the country havs the idea, which
Ia not very far wrong, that there will
be q very heavy demand Tor all kinds
Of store goods this fall.
The Knights OF Labor are gaining
In strength, but not in numbers,
$500 paradod In Springfield, Ohio, last
week. Last year the value OF the coal
produced averaged f9,O00,OO0 per
week, or $500 per head Of population.
Pennsylvania produced FIVE out Of
every eight bushels or tons.
There are eixty.two subcompanles
OF the American Bell Telephone Dom.
pany. Last year there were six mess-
ages sent for every head OF population
In the country.
The New York city wotkingmen
are endeavoring 10 abolish Sunday
work, and have appealed In vain 10
the preachers Of that city 10 help
them.
Tho outn1l ol coal of tha wnrld In